Sodium based battery companies are, unfortunately, crashing right now, since lithium production has jumped so significantly that lithium prices have seen a major crash. Since price was the main economic driver for sodium batteries over lithium ones, many companies making sodium batteries are in big trouble right now, since lithium is more energy dense and at price parity
Which is still all due to investors not looking longer than 2 years since all of the crashing companies except Northvolt are startups. Lithium prices will always rise again at a much much higher rate than sodium.
Sodium was always better for grid storage due to temperature charging and discharging and still plenty cheaper than Lithium Iron Phosphate that it is a replacement for.
Sodium based battery companies are, unfortunately, crashing right now, since lithium production has jumped so significantly that lithium prices have seen a major crash. Since price was the main economic driver for sodium batteries over lithium ones, many companies making sodium batteries are in big trouble right now, since lithium is more energy dense and at price parity
Which is still all due to investors not looking longer than 2 years since all of the crashing companies except Northvolt are startups. Lithium prices will always rise again at a much much higher rate than sodium.
Sodium was always better for grid storage due to temperature charging and discharging and still plenty cheaper than Lithium Iron Phosphate that it is a replacement for.